The Tata Group is set to become India’s first homegrown iPhone manufacturer, marking a significant milestone in the country’s technology and manufacturing sector. This development follows the approval by Wistron Corp’s board for the sale of its Wistron InfoComm Manufacturing (India) Private Ltd unit to Tata for $125 million, equivalent to approximately Rs 1,040 crore.
The acquisition involves Wistron’s iPhone assembly plant located near Bengaluru, India. This strategic move by Tata is aimed at strengthening its ties with Apple and represents a major shift in the manufacturing landscape for high-tech products in India. The deal, which has been subject to regulatory approvals, underlines Tata’s commitment to expanding its footprint in the technology and electronics manufacturing sector.
Tata Electronics Private Limited has acquired a 100% stake in Wistron Infocomm Manufacturing (India) Private Limited as part of this deal. This acquisition is not just a significant step for Tata, but also for India’s broader ambitions in technology and manufacturing, positioning the country as a key player in the global supply chain for high-end electronics and technology products.
This move is particularly noteworthy as it indicates a shift in the manufacturing dynamics of major technology products, with India emerging as a significant hub for the assembly and production of globally recognized brands like Apple’s iPhone. The acquisition is expected to enhance India’s capabilities in the electronics manufacturing sector and contribute to the country’s growing prominence in the global technology landscape.